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VOL. 126 | NO. 202 | Monday, October 17, 2011

Deal Expected Soon for Morgan Keegan

Regions Financial Corp., the company whose bank has the No. 2 spot in Memphis when ranked by customer deposit share, reports third-quarter earnings Oct. 25.

Continental Shift

CN boosts Memphis’ role in North American rail network

After a 15-year transformation from a government operated east-west railroad network to a privately owned company with a North American reach, Canadian National Railway Co. is positioning itself as a logistics “enabler.”

First Tenn. Parent Co.’s Profit Improves in Q3

Between July and September, the Memphis-based parent company of the largest bank based in Tennessee more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.

Cain Makes Presidential Campaign Stop in Bartlett

One way it’s easy to tell Republican presidential candidate and former Godfather’s Pizza President Herman Cain is now firmly in top-tier status: A satellite truck and about six TV news cameras were covering his campaign stop in Bartlett mid-day Friday.

As Panama Canal Expands, City ‘Located Perfectly’

For months, those in the Memphis logistics trade have talked about the coming impact of the Panama Canal expansion, slated for completion in 2014.

Local Weather
Currently
Memphis, TN
41.0°F
Light Rain
Wind: East at 13.8 mph
Humidity: 96%

EVENTS

Visible Music College will hold a ribbon-cutting ceremony and grand opening celebration Tuesday, Oct. 18, at 11 a.m. at its new Downtown campus, 200 Madison Ave. The celebration will include guest speakers, refreshments, tours of the new building and live music by students. The event is open to the public. For more information, contact Jeni Stephens at 553-1797 or jeni@jlstephens.net.

more events »

Richardson Keeps Memphis Port Moving

Almost a year ago, Randy Richardson was named the executive director of the International Port of Memphis.

Shelby County Courts See Drop in Filings

As the third quarter wrapped up, the number of legal filings recorded by the Shelby County Circuit Court, Chancery Court and Probate Court clerks’ offices dropped off from the number filed both in the year-ago period as well as in second quarter 2011, according to latest figures from The Daily News Online, www.memphisdailynews.com.

Commission to Fill Carpenter’s Seat

The Shelby County Commission should be back at full strength by the end of the Monday, Oct. 17, meeting of the body.

Lender Buys Willow Lake for $26M

Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.

Woodruff to Deliver Message of Love, Hope

Best-selling author and ABC “Good Morning America” contributor Lee Woodruff will deliver her message of love, hope and perseverance to a Memphis audience Tuesday, Oct. 18, at The Peabody hotel.

Intermodal Cartage Sees 30 Years of Steady Growth

Founded by Mark George in Memphis with one truck driver in 1982, Intermodal Cartage Co. Inc. has grown steadily for nearly 30 years and now has locations in 26 cities nationwide.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet Monday, Oct. 17, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

LOCAL COLUMNISTS

When Illness Impacts Employees

Some of my employees are approaching middle age, so parents are approaching old age and serious illness. My V.P.’s mother, as well as parts manager, has terminal cancer with months to live. Each day brings maybe little victories, but the larger defeat lingers in the background that nobody can stop. The sadness affects the whole company daily.

Make the MOST Of Scholarship

Last week we spotlighted an international education organization with Memphis roots, Facing History and Ourselves, which is helping individuals make the connection between history and their own lives. This week let us showcase a nonprofit that is providing scholarships for low-income children and fostering greater access, overall, to private and parochial schools for all children in our community: Memphis Opportunity Scholarship Trust.

THE MEMPHIS NEWS

Recorded History

The Daily News celebrates 125 years of journalism

It began as a handwritten single piece of paper hand-delivered to 25 people in what was once the city of Memphis.

A Look Back, A Look Ahead

Now that you know the past and present of the company that publishes The Daily News and The Memphis News, what should you expect in the future?

‘2BLoved’ Double Dose of Dance

Ballet Memphis celebrates the power and artistry of the duo in a performance of paired works on the theme of love.

France Perfect Spot to Broaden Palate

We all know that travel is broadening, and there’s no reason why that expansion of knowledge and experience shouldn’t apply to what we eat and drink. We don’t have to necessarily go as far as chef and television personality Anthony Bourdain, who gleefully scarfs down inner and outer organs of creatures many of us in the safety of our own homes would regard as bizarre, if not life-threatening, but we should try to extend the boundaries of our personal envelopes as we can.

Dry, Vibrant Chablis Found at Good Price

If you have a wine map of France handy, you’ll notice that the Chablis region is some distance northwest of Dijon, the city that marks the northernmost point of Burgundy. The geography, the soil, the climate of Chablis are all different from the geography, soil and climate of Burgundy. Yet in a demonstration of Gallic rationality, Chablis is officially part of Burgundy, though the only characteristic the areas share is that each is sacred ground for the chardonnay grape.

STATEWIDE

Drop in TVA Fuel Cost in November

KNOXVILLE (AP) – Tennessee Valley Authority ratepayers will get another slight decrease because of lower fuel cost in November, with a drop between 50 cents and $1.00 for average residential customers.

NATIONAL BUSINESS

Retail Sales Rose in September

WASHINGTON (AP) – U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy.

Treasury Officials: Never Saw a Loan Like Solyndra

WASHINGTON (AP) – Two senior Treasury officials said Friday that they had never seen a loan restructuring similar to the Energy Department loan to a failed solar panel maker.

Five Hot Job Categories for Retirees, Older Workers

CHICAGO (AP) – Looking for a job isn't just a concern for those under 65. Retirees and those past the traditional age for calling it quits increasingly need or want to work.

NATIONAL POLITICS

US Gov't Runs $1.3 Trillion Budget Deficit in 2011

WASHINGTON (AP) – The U.S. government ran a $1.3 trillion deficit for the budget year that ended last month, the third straight year it has operated more than $1 trillion in the red.

Republicans Want Debt Panel to Overhaul Taxes

WASHINGTON (AP) – Congress' debt reduction supercommittee should consider overhauling the tax code and revamping Social Security, Medicare and a host of programs for the poor, a group of Senate Republicans urged Friday.

Clinton: US Must Demand Fairness From China

NEW YORK (AP) – Secretary of State Hillary Rodham Clinton said Friday it's time for the United States to stand up to China as the U.S. puts the economy at the center of its foreign policy.

HEALTH CARE

Obama Pulls Plug on Part of Health Overhaul Law

WASHINGTON (AP) – The Obama administration says it is unable to go forward with a major program in the president's signature health care overhaul law – a new long-term care insurance plan.

TECHNOLOGY

iPhone Launch Turns Into Remembrance for Jobs

NEW YORK (AP) – It wasn't just the latest iPhone that drew people to Apple stores Friday.

Microsoft Completes $8.5B Acquisition of Skype

REDMOND, Wash. (AP) – Internet video chat service Skype is now officially a part of Microsoft.

BlackBerry Blackout is New Threat to Brand

NEW YORK (AP) – The longest BlackBerry outage in many years left customers outraged this week, threatening to cost the granddaddy of all smartphones more business when it's already struggling to keep up in a crowded marketplace.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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